Low Migration Inks Market Analysis | 2024-2030

Market Insights

The low migration inks market was estimated at USD 333.63 million in 2023 and is likely to grow at a CAGR of 7.31% during 2024-2030 to reach USD 548.84 million in 2030.

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Market Dynamics

Introduction

Low migration inks are formulated without the use of raw materials that have been recognized as a material that can pass through any substrate and can cause damage to the flavor, odor, appearance, safety, or taste of the products enclosed within the package. This ink is widely used in the food and beverage industry owing to its exceptional ink-restraining features.

Market Drivers

The major factors driving the growth of the low migration inks market are:

• Growing consumption of packaged food and the requirement for securing these food products from getting blended with the printed inks on food packets
• The growing demand for light packaging of food materials is accompanied by increasing usage of low migration inks for the labeling of various products such as pharmaceuticals, alcohol bottles, and cosmetics.

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Key Players

Some of the key players in the market are-

• Agfa-Gevaert N.V.
• Altana AG
• Epple Druckfarben AG
• Flint Group
• Huber Group
• INX International
• Marabu US Holding GmbH & Co. KG
• Siegwerk Druckfarben AG & Co. KGaA
• Sun Chemical Corporation
• Toyo Inks

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Printing Process Type

Based on the printing process type, the market is segmented as flexography, offset, digital, and gravure. Flexography is estimated to hold the major share of the market during the forecast period owing to its quickness and application in varied surfaces. It is a process of surface printing that is widely used as an efficient and appropriate way of smearing designs and writings for a variety of packaging items, such as paper and plastic containers, paperboard boxes, tape, and metal foils.

By End-User Industry Type

Based on the end-user industry type, the market is segmented as food & beverages, pharmaceutical, personal care, and others. Food & beverages are estimated to witness a significant growth rate in the market. Factors such as various guidelines pertaining to the use of low-migration inks in packaged food products and strengthening the sales of packaged food across the globe are expected to boost market growth during the forecast period.

Regional Insights

In terms of regions, Europe is estimated to account for the largest share of the market. The growth of the market is attributed to an increase in sales of food and packaging industries and a favorable standard of its usage in the regional market during the forecast period. Further, North America is also anticipated to account for a significant share of the market, owing to the standardized regulations in the U.S., fueling the regional market growth. Asia-Pacific is also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects low migration inks market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The low migration inks market is segmented into the following categories:

By Printing Process Type

• Flexography
• Offset
• Digital
• Gravure

By End-User Industry Type

• Food & Beverage
• Pharmaceuticals
• Personal Care
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by anyone of the printing process types by end-user industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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